Assets Accounts 2021 2022 Cash $45.00 $50.00 A/R $28…

Assets Accounts 2021 2022 Cash $45.00 $50.00 A/R $281.00 $161.00 Inventory $283.00 $269.00 Total $609.00 $480.00 Net Fixed Assets $1,000.00 $1,200.00 Total Assets $1,609.00 $1,680.00 Liabilities Accounts 2021 2022 Accounts Payable $143.00 $355.00 Notes Payable $150.00 $125.00 Total $293.00 $480.00 Long-Term Debt $500.00 $750.00 Common Stock $400.00 $400.00 Retained Earnings $416.00 $50.00 Total Liabilities $1,609.00 $1,680.00 Sales Accounts 2021 2022 Sales   $1,754.00 Cost of Goods Sold   $1,403.20 Depreciation   $200.00 EBIT   $150.80 Interest   $40.00 Taxes   $60.32 Net Income   $50.48 Questions What is the Current Ratio for 2022? [1] What is the Quick Ratio for 2022? [2] What is the Times Interest Earned (TIE) for 2022? [3] What is the Debt to Equity (D/E) Ratio for 2021? [4] What is the Debt to Equity (D/E) Ratio for 2022? [5] What is the Profit Margin (PM) for 2022? [6] What is the Total Asset Turnover (TAT) for 2022? [7] What is the Equity Multiplier (EM) for 2022? [8] What is the Return on Equity (ROE) for 2022? [9] What is the Return on Assets (ROA) for 2022? [10]

Prepare the first row of a loan amortization schedule based…

Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $17,900 with an annual interest rate of 09.00%. The loan will be repaid over 22 years with monthly payments.  What is the Loan Payment? [1] What portion of this payment is Interest? [2] What portion of this payment is Principal? [3] What is the Loan balance after first monthly payment? [4]

Assets Accounts 2021 2022 Cash $45.00 $50.00 A/R $30…

Assets Accounts 2021 2022 Cash $45.00 $50.00 A/R $300.00 $242.00 Inventory $239.00 $321.00 Total $584.00 $613.00 Net Fixed Assets $1,000.00 $1,200.00 Total Assets $1,584.00 $1,813.00 Liabilities Accounts 2021 2022 Accounts Payable $346.00 $199.00 Notes Payable $150.00 $125.00 Total $496.00 $324.00 Long-Term Debt $500.00 $750.00 Common Stock $400.00 $400.00 Retained Earnings $188.00 $339.00 Total Liabilities $1,584.00 $1,813.00 Sales Accounts 2021 2022 Sales   $1,867.00 Cost of Goods Sold   $1,493.60 Depreciation   $200.00 EBIT   $173.40 Interest   $40.00 Taxes   $69.36 Net Income   $64.04 Questions What is the Current Ratio for 2022? [1] What is the Quick Ratio for 2022? [2] What is the Times Interest Earned (TIE) for 2022? [3] What is the Debt to Equity (D/E) Ratio for 2021? [4] What is the Debt to Equity (D/E) Ratio for 2022? [5] What is the Profit Margin (PM) for 2022? [6] What is the Total Asset Turnover (TAT) for 2022? [7] What is the Equity Multiplier (EM) for 2022? [8] What is the Return on Equity (ROE) for 2022? [9] What is the Return on Assets (ROA) for 2022? [10]

Prepare the first row of a loan amortization schedule based…

Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $8,323 with an annual interest rate of 11.00%. The loan will be repaid over 40 years with monthly payments.  What is the Loan Payment? [1] What portion of this payment is Interest? [2] What portion of this payment is Principal? [3] What is the Loan balance after first monthly payment? [4]

Assets Accounts 2021 2022 Cash $45.00 $50.00 A/R $22…

Assets Accounts 2021 2022 Cash $45.00 $50.00 A/R $223.00 $329.00 Inventory $140.00 $396.00 Total $408.00 $775.00 Net Fixed Assets $1,000.00 $1,200.00 Total Assets $1,408.00 $1,975.00 Liabilities Accounts 2021 2022 Accounts Payable $140.00 $198.00 Notes Payable $150.00 $125.00 Total $290.00 $323.00 Long-Term Debt $500.00 $750.00 Common Stock $400.00 $400.00 Retained Earnings $218.00 $502.00 Total Liabilities $1,408.00 $1,975.00 Sales Accounts 2021 2022 Sales   $3,934.00 Cost of Goods Sold   $3,147.20 Depreciation   $200.00 EBIT   $586.80 Interest   $40.00 Taxes   $234.72 Net Income   $312.08 Questions What is the Inventory Turnover? [1] What is the AR Turnover? [2] What is the AP Turnover? [3] What is the Inventory Period? [4] What is the AR Period? [5] How long is the Operating Cycle? [6] How long is the Cash Cycle? [7] What is Net Working Capital for 2022? [8]

Prepare the first row of a loan amortization schedule based…

Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $45,854 with an annual interest rate of 15.00%. The loan will be repaid over 11 years with monthly payments.  What is the Loan Payment? [1] What portion of this payment is Interest? [2] What portion of this payment is Principal? [3] What is the Loan balance after first monthly payment? [4]

Assets Accounts 2021 2022 Cash $45.00 $50.00 A/R $26…

Assets Accounts 2021 2022 Cash $45.00 $50.00 A/R $262.00 $146.00 Inventory $336.00 $197.00 Total $643.00 $393.00 Net Fixed Assets $1,000.00 $1,200.00 Total Assets $1,643.00 $1,593.00 Liabilities Accounts 2021 2022 Accounts Payable $311.00 $160.00 Notes Payable $150.00 $125.00 Total $461.00 $285.00 Long-Term Debt $500.00 $750.00 Common Stock $400.00 $400.00 Retained Earnings $282.00 $158.00 Total Liabilities $1,643.00 $1,593.00 Sales Accounts 2021 2022 Sales   $2,662.00 Cost of Goods Sold   $2,129.60 Depreciation   $200.00 EBIT   $332.40 Interest   $40.00 Taxes   $132.96 Net Income   $159.44 Questions What is the Inventory Turnover? [1] What is the AR Turnover? [2] What is the AP Turnover? [3] What is the Inventory Period? [4] What is the AR Period? [5] How long is the Operating Cycle? [6] How long is the Cash Cycle? [7] What is Net Working Capital for 2022? [8]